Manor Care retains JPMorgan
Manor Care (Toledo, Ohio) has retained JPMorgan as its exclusive financial advisor to assist the company in reviewing strategic financial and related business alternatives to enhance shareholder value. The company said there can be no assurance that its review of strategic alternatives will result in it pursuing any particular financial or business transaction.
The company also said it does not expect to make further announcements regarding the review until completion and "unless and until" its board has approved a specific transaction or course of action.
Manor Care provides short-term post-acute and long-term care.